State of the union: facing the headwind
07 Jun 2023

State of the union: facing the headwind
07 Jun 2023
About the speakers
- Dr Karim El SolhCo-Founder & Chief Executive Officer at Gulf CapitalDr. Karim El Solh is the Co-Founder and Chief Executive Officer of Gulf Capital, one of the leading alternative asset management firms focused on Growth Markets, investing across several asset classes including Private Equity, Growth Capital and Real Estate. Under his leadership, Gulf Capital has been associated with some of the region’s most prominent private equity and mezzanine transactions and has won numerous awards including Best Private Equity Firm and Best Private Debt Firm in the Middle East. The Firm currently manages over $ 2.5 billion of assets across 7 funds and investment vehicles. Dr. El Solh is also the co-Managing Partner of Gulf Related, a leading real estate development company launched in partnership with the Related Companies. Dr. El Solh is a board member of the Global Private Capital Association (formerly EMPEA) and the Chairman of the GPCA Middle East Council. Dr. El Solh is serving or has served as the Chairman of Geidea, ART Fertility, Metito Holdings and Maritime Industrial Services, and as the Director of Emirates Auction, Gulf Marine Services, Middle East Glass, Ma’arif for Education & Training, Reach Group, Depa Group, Metamed, the Galleria Mall Al Maryah Island, Antara Residential Project, NAS TPA and Aramex. Dr Karim El Solh recently joined some of the world’s leading CEOs in supporting HRH The Prince of Wales’ Terra Carta, which provides a roadmap for businesses to move towards a sustainable future by 2030. The charter’s vision to help build an inspiring, inclusive, equitable, prosperous, and sustainable future. He is also a member of the Sustainable Markets Initiative and the Private Equity Taskforce on Sustainability. Prior to founding Gulf Capital, Dr El Solh was the CEO of the leading UAE investment bank, The National Investor. Under his leadership, the Firm was involved in a number of groundbreaking private equity transactions and was ranked as the number one IPO underwriter in the Gulf. Dr El Solh was also a Co-Founder of the European High Yield Capital Markets/Leveraged Buy-Outs division at Donaldson, Lufkin and Jenrette (DLJ – now part of Credit Suisse) and a senior investment banker in charge of equity offerings at Citigroup. Dr. El Solh has a B.S. in civil engineering from Cornell University, an MBA from Georgetown University and a doctorate in economics from the Institut d'Etudes Politiques de Paris (Sciences Po). He is also a Chartered Management Accountant and a Professional Civil Engineer. He is on the Board of Advisors of Georgetown University’s McDonough School of Business, a Board member of Georgetown’s Center for Financial Markets and Policy, a member of the Future of Work Initiative Advisory Group and on the Board of Trustees of the Abu Dhabi Music and Arts Foundation (ADMAF). Dr. El Solh has been named as one of the Top 100 CEOs in the Gulf by CEO Magazine, one of the 500 Most Influential Arabs by Arabian Business Magazine and a Young Global Leader by the World Economic Forum.
- Philipp FreisePartner, Co-Head of European Private Equity at KKRPhilipp Freise (London) joined KKR in 2001, is Co-Head of European Private Equity and serves as a member of KKR’s European Private Equity and Growth Equity Investment Committees, as well as its European Portfolio Management Committee. Mr. Freise led KKR's investments in Axel Springer SE, BMG Rights Management, Fotolia, GetYourGuide, GfK SE, Leonine, Mediawan SAS, Scout24 Switzerland and Trainline and played a significant role in various other KKR TMT (Exact, ProSiebenSat.1, SBS Broadcasting) and German transactions (Demag, Duales System Deutschland, MTU Aero Engines, Zumtobel). Mr. Freise currently serves on the board of directors of Axel Springer SE, Leonine, Mediawan SAS and GfK SE. He was a scholar of the German National Scholarship foundation (Studienstiftung des Deutschen Volkes) and graduated top of his class at WHU Koblenz, EDHEC Lille and University of Texas at Austin, McCombs School of Business. He later worked at McKinsey & Company in Vienna, Frankfurt and New York, and subsequently co-founded Berlin-based venture investment firm Venturepark, Europe’s first pan-European incubator. In 2009, Mr. Freise was named a Young Global Leader and in 2014 a member of the Agenda Council on the Future of Financing and Capital of the World Economic Forum. Mr. Freise serves on the board (Vorstand) of the Bayreuth Opera Festival (Gesellschaft der Freunde von Bayreuth).
- Daniel JamesManaging Partner & President at Trilantic North AmericaDaniel “Danny” James is a Managing Partner and President of Trilantic North America. Danny is also a member of the Investment Committees of Fund III, Fund IV Global, Fund IV Europe, Fund V North America, TEP I North America, Fund VI North America and TEP II North America. Danny joined Trilantic North America in 2009 at its inception, prior to which he was a Managing Director and Head of North America at Lehman Brothers Merchant Banking (LBMB). Danny was a member of the Investment Committee at LBMB. Prior to joining LBMB in 1995, Danny was a member of Lehman Brothers’ M&A Group based in London and New York. He joined Lehman Brothers in 1988. Danny is currently a director of Ortholite, Sunrise Strategic Partners, Sunrise Strategic Partners 2.0 and Traeger Pellet Grills. Danny holds a B.A. in Chemistry from the College of the Holy Cross.
- Hugh MacArthurGlobal Private Equity Practice Chairman at Bain & CompanyHugh MacArthur is the chairman of our Global Private Equity practice. He helped found the practice over 25 years ago, and works with a variety of private equity funds and alternative asset managers, including buyout firms, infrastructure and real estate funds, private credit, and secondaries firms among others. Hugh also works with sources of capital including sovereign wealth funds, pension funds, family offices, and other institutions. Working with these investment firms, Hugh has led assignments on firm ambition, asset class strategy, geographic footprint, fund operations, organizational effectiveness, fund raising, sourcing, strategic due diligence and portfolio company improvement. He has advised funds across all geographies, and has worked on hundreds of deals in leveraged buyout, restructuring assignments and merger integration. Hugh is quoted frequently on private equity topics and trends and the state of the industry in publications around the globe, including The Wall Street Journal, The Financial Times, The Economist, Forbes, and many regional and trade publications. He appears on CNBC and Bloomberg Television, as well as on regional networks. Hugh is the founder of Bain’s annual Global Private Equity Report and a principal author. He is also the author of the book Lessons from Private Equity Any Company Can Use, published by Harvard Business Press in January of 2008. Hugh is the host of Bain & Company’s Dry Powder: The Private Equity Podcast, in which he interviews leading experts on the trends and opportunities that will redefine the private equity industry. Hugh earned a master of science degree from the MIT Sloan School of Management. Prior to attending MIT, he worked in consulting and in mergers and acquisitions in New York and London. Hugh is also a graduate of Dartmouth College, where he earned an AB in history.
- Marcus BrenneckePartner and Co-Head of EQT Private Equity Advisory Team at EQT PartnersMarcus Brennecke joined EQT Partners in January 2005 and is Partner and Co-Head of EQT Private Equity advisory team. Marcus graduated from the University St. Gallen, CH (HSG). Prior to joining EQT Partners he spent seven years at Axel Springer Publishing Group (1987-94) and in PE (1994-04). Marcus is a member of the Equity Partners Investment Committee, Chairman of the Portfolio Review Committee within EQT Equity (IDC) and Head of the Industrial Network.
Key takeaways